Leases (Tables)

9 Months Ended

May 31, 2022

Leases [Abstract]

Aggregate Minimum Future Amounts Receivable Under All Non-Cancelable Operating Leases and Subleases

Aggregate minimum future amounts receivable under all non-cancelable operating leases and subleases at May 31, 2022, will mature as follows:

(in millions)
Remaining three months of 2022	$	12.9
2023		36.0
2024		29.3
2025		22.4
2026		19.6
Thereafter		56.5
	$	176.7

Components of Operating Lease Costs

The components of operating lease costs were as follows:

	Three Months Ended May 31,				Nine Months Ended May 31,
(in millions)	2022		2021		2022		2021
Operating lease expense	$	2.7	$	2.9	$	7.9	$	10.4
Short-term lease expense		1.1		1.0		3.8		3.6
Total	$	3.8	$	3.9	$	11.7	$	14.0

Aggregate Minimum Future Amounts Payable Under Operating Leases

Aggregate minimum future amounts payable under operating leases having initial or remaining non-cancelable terms at May 31, 2022 will mature as follows:

(in millions)
Remaining three months of 2022	$	2.6
2023		10.4
2024		9.1
2025		6.4
2026		5.1
Thereafter		12.7
Total lease payments	$	46.3
Less: Imputed interest		(4.6	)
Total lease obligations	$	41.7

Additional Information Related to Company's Leases

The table below presents additional information related to the Company’s leases:

Weighted average remaining lease term:
Operating leases	12.2 Years
Weighted average discount rate:
Operating leases		2.7	%

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases were as follows:

(in millions)	Nine months ended May 31, 2022
Cash paid for amounts included in the measurement    of lease liabilities:
Operating cash flows from operating leases	$	8.6
ROU assets obtained in exchange for new operating    lease liabilities	$	6.9